President Trump’s Role in USD1 Stablecoin Prompts Regulatory Questions

A coalition of US Senators is raising serious concerns about a potential conflict of interest involving President Donald Trump and an upcoming stablecoin project called USD1. The digital asset, backed by World Liberty Financial (WLF), has drawn scrutiny due to Trump’s reported ties to the company behind it. Warren-Led Group Flags Risks of Presidential Involvement in USD1 Approval On March 28, a group of lawmakers led by Senator Elizabeth Warren sent a letter to the Federal Reserve and the Office of the Comptroller of the Currency (OCC). They asked both agencies to clarify how they plan to uphold regulatory integrity regarding the impending USD1 stablecoin source: https://beincrypto.com/trump-involvement-usd1-stablecoin-draws-scrutiny/